Miami Shores Real Estate Trends Report: Comprehensive March 2024 Analysis
How is The Miami Shores Market Doing? Compared to a year ago?
There are currently 57 homes for sale: (compared to 47 a year ago)
- Highest priced listing is $9,495,000 for the bay front home with 4 bedrooms / 4.5 bathrooms, located at 9301 N Bayshore Dr. This 1955 home has 4,225 Sq. Ft of living space, a 13,968 Sq. Ft. lot with 84′ of open bay frontage ($2,247/Sq.Ft.)
- Lowest priced listing is $915,000 for the 3 bedroom / 2 bathroom home at 9314 NW 2nd Pl, with 1,161 Sq.ft. on a 8,175 sq.ft. lot ($788/Sq.Ft.)
- Pending Sales (properties under contract): 20 (compared to 33 a year ago)
- Median Sales Price in March: $1,195,000 (compared to $1,100,000 a year ago)
- Closed sales in March: 15 (compared to 13 in March of 2023)
What is the average price per square foot in Miami Shores?
The average sold price per square foot in Miami Shores in March for homes not on the water was $699 compared to $594 in March of 2023. Previous averages as follows:
- February’s Average $659
- January’s Average $583
- 2023’s average of $640
- 2022’s average of $589
There was one Miami Shores waterfront home sold in March this year, selling at $1,298 per square foot, compared to no sales in March of 2023. Previous averages as follows:
- February’s Average – no waterfront sales
- January’s Average – no waterfront sales
Miami Shores Real Estate Micro-Stats
Feel free to download our complete market report for the last 12 months, showing micro-stats for Houses for Sale Miami Shores
- Seller’s Market with 5 months of inventory
- Price-range moving the most continues to be between $1-1.5 Million but most inventory is above $2 Million
- Average sold price is $1.2 Million
- 34.4% of all deals are CASH
- 94.1% of all buyers do so as primary residents (homestead and live in their homes)
- Buyers are not only domestic, but coming from Argentina, Venezuela, and France.
- We are starting to see seller’s concessions averaging $15,000 (between $650 and $68k)
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